Bitcoin Trend Analysis Today

Bitcoin is currently priced at $100,900. The 2-hour chart shows a significant downtrend, with technical signals indicating bearish momentum. The bearish alignment of the moving averages and the death cross create a strong bearish resonance. Simultaneously, the price is approaching the key support level of $100,000. With increasing trading volume, further declines are likely. The daily chart shows two consecutive large bearish candles, indicating a clear downtrend from $110,540 to $100,002. The 2-hour chart shows multiple lower lows, suggesting weak short-term rebounds. The 2-hour MACD is dominated by bears. The EMA is also bearish.

Short-term trading strategy:
Buy at $100,000
Sell at $104,500